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5 11 pts Your Company makes a single product. Only one kind of direct material is used to make this product. The company uses a
5 11 pts Your Company makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data: Number of units produced............... Material price variance..................... Material quantity variance................ Actual direct material 10,000 $8,000 Unfavorable $9,800 Favorable used............. Direct materials standard price........ 21,000 pounds What is the standard for pounds per unit? O2.00 1.98 O2.22 2.20 $8 per pound itio re v m/y D Question 6 11 pts Your Company is working on its cash budget for July. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $174,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over disbursements for July? O $ 1,000 $221,000 O $ 47,000 O $ 45,000 O $ 50,000
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